The lithium industry needs US$116 billion of investment to achieve the 5.7x ramp-up in production needed for 2030 decarbonisation goals, and prices may remain ‘tight’ in the coming years.

Lithium carbonate prices have started to creep back up again after coming down from 2022’s extreme highs, but the long-term outlook is one of downwards prices, research firm Fastmarkets said.

UGL has been selected to design, test and commission a BESS which will provide power for BHP’s iron ore port in Western Australia.

Samantha McGahan of Australian Vanadium on the electrolyte, which is the single most important material for making vanadium flow batteries.

Another serving of news in brief from around the world in energy storage.

CATL has committed to a carbon neutrality plan, identifying five ‘key links’ in its value chain to implement emissions reduction measures.

Elcora is developing a vanadium pentoxide plant in Morocco to complement raw materials extraction.

Invinity and BASF have announced the first deployments of their non-lithium battery storage tech in Hungary and Australia respectively.

A fundamental rethink of the supply chain is required, writes Greg Pitt, VP of battery materials at Worley.

Two large-scale battery storage systems which will help power iron ore mining operations in Western Australia have been commissioned.